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Dublin Jewelry Company reported the following summarized balance sheet at December 31,2021 : (Click the icon to view the statement.) During 2022, Dublin Jewelry completed
Dublin Jewelry Company reported the following summarized balance sheet at December 31,2021 : (Click the icon to view the statement.) During 2022, Dublin Jewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Joumalize Dublin Jewelry's transactions. Explanations are not required. (Record debits first, then credits. Exclude explan Feb 13: Issued 5,000 shares of common stock for $13 per share. Data table Requirements 1. Journalize Dublin Jewelry's transactions. Explanations are not required. 2. Report the company's stockholders' equity at December 31, 2022. Net income for 2022 was $33,000. Feb 13 Issued 5,000 shares of common stock for $13 per share. Jun 7 Declared the regular cash dividend on the preferred stock. Jun 24 Paid the cash dividend. Aug 9 Declared and distributed a 10% stock dividend on the common stock. Market price of the common stock was $18 per share. Oct 26 Reacquired 1,000 shares of common stock as treasury stock, paying $19 per share. Nov 20 Sold 300 shares of the treasury stock for $21 per share. Dec 31 Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2023
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